<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): AUGUST 17, 1998
GREEN TREE SECURITIZED NET INTEREST MARGIN TRUST 1994-A
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-51935 41-1775853
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(State or other jurisdiction (Commission (IRS employer
of incorporation) file numbers) identification no.)
1100 LANDMARK TOWERS, 345 ST. PETER STREET, SAINT PAUL, MINNESOTA 55102-1639
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (612) 293-3400
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NOT APPLICABLE
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(Former name or former address, if changed since last report.)
<PAGE>
ITEM 5. OTHER EVENTS.
Pursuant to the Pooling and Servicing Agreement between
Green Tree Financial Corporation (the "Servicer") and First
Bank National Association (the "Trustee"), on August 17,
1998, the Trustee made distributions to the holders of the
certificates representing interests in the Trust (the
"Certificateholders") and delivered to the
Certificateholders the Monthly Report required by Section
1.01 of the Servicing Agreement attached hereto as Exhibit
99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
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99.1 Monthly Report delivered to Certificateholders on
August 17, 1998
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated:
SECUTIZED NET INTEREST MARGIN
TRUST 1994-A
By GREEN TREE FINANCIAL CORPORATION
as Servicer with respect to the Trust
By: /s/ Phyllis A. Knight
----------------------------------
PHYLLIS A. KNIGHT
Senior Vice President and Treasurer
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
- ------ ----
99.1 Monthly Report delivered to Certificateholders 5
on August 17, 1998.
<PAGE>
Exhibit 99.1
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1994-A
JULY, 1998
PAYMENT: AUGUST 17, 1998
6.90% SECURITIZED NET INTEREST MARGIN CERTIFICATES
CUSIP # 393534AA0
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TRUST ACCOUNT # 33-31829-0
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DISTRIBUTION DATE: Aug. 17, 1998
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<TABLE>
<CAPTION>
PER $1,000
SECURITIZED NET INTEREST MARGIN CERTIFICATES ORIGINAL
- ------------------------------------------------------------- ------------
<S> <C> <C>
1. Amount Available 5,345,168.04
---------------
Interest
2. Aggregate Interest 1,122,532.25 2.20970915
------------------------------
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 1,122,532.25
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Principal
6. Current month's principal distribution 4,222,635.79 8.31227518
------------------------------
7. Remaining outstanding principal balance 191,000,364.99 375.9849705
------------------------------
Pool Factor 0.37598497
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8. Present value of the projected remaining aggregate
cashflows of the Finance I Assets and the Residual
Assets, as of the immediately
preceding Distribution Date 505,133,214.97**
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9. Aggregate amount on deposit in reserve funds:
(i) attributable to the Residual Assets 73,154,116.43
---------------
(ii) attributable to this securitization 25,214,257.72
---------------
10. Aggregate principal balance of loans
refinanced by Green Tree Financial 5,684,194.44
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11. Weighted average CPR 15.27%
---------------
12. Weighted average CDR 1.61%
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13. Annualized net loss percentage 1.02%
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14. Delinquency 0.75%
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0.21%
---------------
0.42%
---------------
1.38%
---------------
</TABLE>
First Trust N. A. Paying Agent/Bondholder Relations (612) 973
** Represents present value of assets for NIM 94-A, 94-B, & 95
cross-collateralization, as of 7/15/98.
<PAGE>
GREEN TREE FINANCIAL
NET INTEREST MARGIN TRUST 1994-A
JULY, 1998
PAYMENT: AUGUST 17, 1998
FEE ASSETS
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Guarantee GNMA Excess Inside Fee Asset
Fees Excess Servicing Refi Total
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MAHCS 1987-A 12,102.90 4,351.23 427.69 16,881.82
MAHCS 1987-B 0.00 0.00 0.00 0.00
MLMI 1987B 19,717.36 2,845.79 149.58 22,712.73
MLMI 1987C 24,654.70 5,429.84 399.15 30,483.69
MLMI 1988E 26,903.71 5,075.48 2,306.31 34,285.50
MLMI 1988H 0.00 5,382.88 5,382.88
MLMI 1988Q 0.00 8,276.79 8,276.79
MLMI 1988X 0.00 6,231.67 6,231.67
MLMI 1989B 0.00 3,927.99 3,927.99
MLMI 1989D 0.00 7,784.63 7,784.63
MLMI 1989F 0.00 11,059.94 1,468.92 12,528.86
MLMI 1989H 13,120.47 9,853.48 4,334.95 27,308.90
MLMI 1990B 0.00 6,322.18 2,114.71 8,436.89
MLMI 1990D 22,796.25 9,399.57 395.64 32,591.46
MLMI 1990G 12,121.96 11,390.66 2,128.16 25,640.78
MLMI 1990I 0.00 0.00 0.00
MLMI 1991B 0.00 8,372.56 8,372.56
MLMI 1991D 0.00 11,758.85 11,758.85
MLMI 1991G 0.00 17,473.83 17,473.83
MLMI 1991I 0.00 18,393.03 18,393.03
MLMI 1992B 0.00 53,720.86 53,720.86
MLMI 1992D 0.00 32,778.67 32,778.67
GTFC 1992-1 240,038.92 40,628.28 20,859.24 301,526.44
GTFC 1992-2 114,579.57 50,960.05 17,757.83 183,297.45
GTFC 1993-1 257,844.64 46,250.06 20,995.44 325,090.14
GTFC 1993-2 304,626.46 90,072.14 53,948.29 448,646.89
GTFC 1993-3 578,514.33 138,904.77 85,624.86 803,043.96
GTFC 1993-4 0.00 160,371.71 160,371.71
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CONVENTIONAL 1,627,021.27 0.00 767,016.94 212,910.77 2,606,948.98
GNMA SERVICING FEES 1,607,628.98 106,830.06 1,714,459.04
FHA PAYMENT (539,773.72) (539,773.72)
SERVICING (283,388.19) (283,388.19)
PREPAYMENT SHORTFALLS (25,714.89) (25,714.89)
LIQUIDATION LOSSES (201,417.48) (201,417.48)
-------------------------------------------------
GNMA 557,334.70 106,830.06 664,164.76
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TOTAL AMOUNT OF GUARANTEE FEES, GNMA EXCESS SPREAD, EXCESS
SERVING FEES, AND INSIDE REFINANCE PAYMENTS 3,271,113.74
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PAYMENT ON FINANCE 1 NOTE 3,271,113.74
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ALLOCABLE TO INTEREST (CURRENT) 437,101.09
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ALLOCABLE TO ACCRUED BUT UNPAID INTEREST 0.00
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ACCRUED AND UNPAID TRUSTEE FEES 0.00
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ALLOCABLE TO PRINCIPAL 2,834,012.65
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FINANCE 1 NOTE PRINCIPAL BALANCE 73,183,567.51
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<PAGE>
GREEN TREE FINANCIAL
NET INTEREST MARGIN TRUST 1994-A
JULY, 1998
PAYMENT: AUGUST 17, 1998
INSIDE
RESIDUAL REFI TOTAL
------------------------------------------------
MAHCS 1987-A 0.00 0.00
MAHCS 1987-B 0.00 0.00
MLMI 1987B 0.00 0.00
MLMI 1987C 0.00 0.00
MLMI 1988E 0.00 0.00
MLMI 1988H 27,064.80 0.00 27,064.80
MLMI 1988Q 54,780.58 786.74 55,567.32
MLMI 1988X 7,438.71 2,393.15 9,831.86
MLMI 1989B 5,131.29 1,373.35 6,504.64
MLMI 1989D 0.00 393.16 393.16
MLMI 1989F 0.00 0.00
MLMI 1989H 0.00 0.00
MLMI 1990B 0.00 0.00
MLMI 1990D 0.00 0.00
MLMI 1990G 0.00 0.00
MLMI 1990I 147,501.64 43,548.62 191,050.26
MLMI 1991B 95,880.57 27,034.64 122,915.21
MLMI 1991D 48,569.24 645.48 49,214.72
MLMI 1991G 120,068.31 24,101.74 144,170.05
MLMI 1991I 134,366.45 22,850.37 157,216.82
MLMI 1992B 456,779.88 115,884.47 572,664.35
MLMI 1992D 328,583.39 25,634.68 354,218.07
GTFC 1992-1 0.00 0.00
GTFC 1992-2 0.00 0.00
GTFC 1993-1 0.00 0.00
GTFC 1993-2 0.00 0.00
GTFC 1993-3 0.00 0.00
GTFC 1993-4 317,424.24 65,818.80 383,243.04
-------------------------------------------------
1,743,589.10 330,465.20 2,074,054.30
TOTAL RESIDUAL AND INSIDE
REFINANCE PAYMENTS 2,074,054.30
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